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Sapphire Foods Clarifies Executive Director Appointment and Remuneration Details for Vijay Jain Aug 01, 2025

Sapphire Foods India Limited has provided clarification on Vijay Jain's appointment as Executive Director and Chief Financial Officer (ED & CFO). His remuneration remains largely unchanged from his previous CFO role. No additional stock options will be granted due to his elevation. The company has about 11 lakh unallocated stock options, with future grants to be considered for the overall management team. Any potential future grant to the ED & CFO will not exceed 20% of the remaining pool, with a minimum grant price of Rs. 272.00 per share. The performance-linked incentive is part of Jain's overall CTC package. The Board views the proposed remuneration as appropriate given Jain's role and responsibilities.

Sapphire Foods Reports 8% Revenue Growth in Q1, Margins Decline Amid Value Campaigns Jul 30, 2025

Sapphire Foods Pursues Multi-Channel Growth and Cost Optimization to Boost Profit Margins Jul 25, 2025

Sapphire Foods Reports 8% Revenue Growth, EBITDA Margin Declines in Q1 Jul 25, 2025

Sapphire Foods Faces INR 51 Million GST Notice, Maintains Confidence in Financial Stability Jul 24, 2025

More news about Sapphire Foods

24Jul 25

Sapphire Foods Faces INR 51 Million GST Show Cause Notice

Sapphire Foods India Limited has received a show cause notice from Delhi Sales Tax authorities for alleged GST return discrepancies in FY 2021-22. The notice, issued under Section 73 of the CGST Act, amounts to ₹51 million, including interest and penalty. The company states the claim is not maintainable and expects no material impact. Sapphire Foods is evaluating the notice and plans to respond appropriately. The company has disclosed this information to stock exchanges in compliance with SEBI regulations.

24Jul 25

Sapphire Foods Faces INR 51 Million GST Show Cause Notice for FY 2021-22

Sapphire Foods India Limited, a YUM franchisee operator, has received a show cause notice from Delhi's Sales Tax Officer for alleged GST return discrepancies in FY 2021-22. The notice, totaling INR 51 million, includes interest and penalties. Sapphire Foods claims the notice is not maintainable and expects no material impact. The company is evaluating the notice and will respond accordingly. Sapphire Foods operates KFC, Pizza Hut, and Taco Bell restaurants across India and Sri Lanka.

04Jul 25

Sapphire Foods Responds to Merger Speculation with Devyani International

Sapphire Foods India Limited has responded to market rumors about a potential merger with Devyani International Limited. The company stated it routinely evaluates strategic opportunities for growth but neither confirmed nor denied the specific merger rumor. Sapphire Foods, which operates KFC and Pizza Hut outlets in India, Sri Lanka, and the Maldives, emphasized its openness to various growth strategies while maintaining transparency with stakeholders.

09May 25

Sapphire Foods India Ltd. Sees Significant Block Trade on NSE

A significant block trade of 506,108 shares of Sapphire Foods India Ltd. occurred on the National Stock Exchange (NSE). The transaction was executed at Rs. 300.00 per share, totaling Rs. 15.18 crores. Sapphire Foods India Ltd., a major franchisee of Yum! Brands, operates KFC and Pizza Hut restaurants in India, Sri Lanka, and the Maldives.

07May 25

Sapphire Foods India Reports Mixed Q4 Results with Slight EBITDA Growth

Sapphire Foods India's Q4 results show a marginal EBITDA increase to ₹106.00 crore from ₹103.00 crore year-over-year. However, EBITDA margin contracted to 14.90% from 16.30%. Net profit declined by 25% to ₹18.00 crore from ₹24.00 crore in the previous year. The results indicate operational efficiency amid challenging market conditions but highlight pressures on profitability.